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Posts Tagged ‘timeshare’

Donating/giving away a timeshare?

27 May

I have a great timeshare unit in Hilton Head, South Carolina and a timeshare unit in Atlantic City, NJ. I cannot afford to make the maintenance fees every year in addition to my home mortgage, car payments, feeding/clothing/etc 2 kids, etc.
I want to donate these units so that I will be free of the maintenance fee and will get the tax-deduction for this donation. Does anyone know what charities accept tax-deductable timeshare donations? I really need to know!
Help! Does anyone know of a charitg that will accept them right away and assume ownership of them? I contacted one charity and they told me that they would try to sell it but the units would be mine (maintenance fees too!) until they could sell it, “usually within 6 months.”
I want to donate them now, get the tax deduction ASAP, no more maintenance fees!!!

Please let me know if you have ANY information about this, ASAP! Thanks!!!

 
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How/where can I donate a timeshare?

08 May

I have a great timeshare unit in Hilton Head, South Carolina. I cannot afford to make the maintenance fees every year in addition to my home mortgage, car payments, feeding/clothing/etc 2 kids, etc.
I want to donate this unit so that I will be free of the maintenance fee and will get the tax-deduction for this donation. Does anyone know what charities accept tax-deductable timeshare donations? I really need to know!
Help! Does anyone know of a charitg that will accept it right away and assume ownership of it? I contacted one charity and they told me that they would try to sell it but the unit would be mine (maintenance fees too!) until they could sell it, “usually within 6 months.”
I want to donate it now, get the tax deduction ASAP, no more maintenance fees!!!

Please let me know if you have ANY information about this, ASAP! Thanks!!!

Sonicbum2112@yahoo.com

 
2 Comments

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If you donate a time share to charity, can you deduct the full amount you paid for the timeshare?

07 Mar

on your tax return? If not, what percentage can you deduct? Is this the same as the recent ruling that cars donated to charity can only deduct the amount received at auction?

 
6 Comments

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